Bounty hunting used to be great. Back in the days, there was an unspoken code of ethics - and common sense - that resulted in hunters thinking like ICO contributors and setting their sell orders at least 1.5x above ICO price. Unfortunately, common sense went out the window a long time ago. So, while it's lamentable that hunters get treated the way they are these days, the sad truth is it's not uncalled for. I'm an ICO contributor and also a hunter. I've seen the damages of bounty hunters underselling first hand... I've also enjoyed the pleasure of buying dirt cheap from them.
If a person invested in an ICO, he/she wants the coin to reach its maximum price, not just return the money by overselling rightaway. Airdrop coins, on the other hand, are truly suffering from people who got coins for nothing and want to profit from it. But hey, ICO hunters are not as of much of a problem as the ICOs themselves. In 2017, people lost a billion dollars on scamming icos. Huge amount of money, which doesn't do any good not only to ICOs, but to crypto reputation overall. A quick question: what do you mean by 'Sonny's observation'? in your post? I thought you were referring to some company, but couldn't find anything online.
